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Print - 2015-08-26
Military advances on last stronghold of al Qaeda

Military advances on last stronghold of al Qaeda

At least five soldiers and six Taliban militants were killed in gun battles in the country's north-western tribal region, the military said Tuesday, as troops advanced into the last stronghold of rebels. A group of gunmen attacked an army outpost near Sha
Published 26 Aug, 2015 12:00am
Increase in number of military courts in Karachi: CoAS accords approval

Increase in number of military courts in Karachi: CoAS accords approval

Chief of Army Staff (CoAS) General Raheel Sharif Tuesday approved an increase in the number of military courts in Karachi. The move, ISPR spokesman Major General Asim Bajwa said, is aimed at ensuring speedy trial in terrorism-related cases which have been
Published 26 Aug, 2015 12:00am
Increase in number of military courts in Karachi: CoAS accords approval

Increase in number of military courts in Karachi: CoAS accords approval

Chief of Army Staff (CoAS) General Raheel Sharif Tuesday approved an increase in the number of military courts in Karachi. The move, ISPR spokesman Major General Asim Bajwa said, is aimed at ensuring speedy trial in terrorism-related cases which have been
Published 26 Aug, 2015 12:00am
PHC suspends death penalty awarded by military court

PHC suspends death penalty awarded by military court

The Peshawar High Court (PHC) on Tuesday suspended the execution of a death-row prisoner, who was sentenced to death by a military court for involvement in terrorism. A two-member judge bench comprising Justice Musarat Hilali and Justice Younis Thaheem su
Published 26 Aug, 2015 12:00am
PHC suspends death penalty awarded by military court

PHC suspends death penalty awarded by military court

The Peshawar High Court (PHC) on Tuesday suspended the execution of a death-row prisoner, who was sentenced to death by a military court for involvement in terrorism. A two-member judge bench comprising Justice Musarat Hilali and Justice Younis Thaheem su
Published 26 Aug, 2015 12:00am
Military advances on last stronghold of al Qaeda

Military advances on last stronghold of al Qaeda

At least five soldiers and six Taliban militants were killed in gun battles in the country's north-western tribal region, the military said Tuesday, as troops advanced into the last stronghold of rebels. A group of gunmen attacked an army outpost near Sha
Published 26 Aug, 2015 12:00am
Hydel power: Chinese company offered eight projects

Hydel power: Chinese company offered eight projects

Pakistan has initially offered around 8 hydel power projects on upper Indus to the Chinese firm Three Gorges Corporation which established the world's largest dam in China. These projects were identified in preliminary talks held with a delegation of Chin
Published 26 Aug, 2015 12:00am
Hydel power: Chinese company offered eight projects

Hydel power: Chinese company offered eight projects

Pakistan has initially offered around 8 hydel power projects on upper Indus to the Chinese firm Three Gorges Corporation which established the world's largest dam in China. These projects were identified in preliminary talks held with a delegation of Chin
Published 26 Aug, 2015 12:00am
Stocks recoup losses

Stocks recoup losses

Karachi stocks made a strong comeback Tuesday after the KSE-100 index witnessed a record 1,419 points single-day loss Monday. Foreign investment, however, was the day''s only negative at the country''s largest bourse seeing an outflow of $19.67 million. T
Published 26 Aug, 2015 12:00am
BRIndex30 surges 1053.21 points

BRIndex30 surges 1053.21 points

On Tuesday, BRIndex30 recovered and after remaining positive throughout the trading time except for a few minutes of red during first hour of trading, it closed at 21,178.72 points with net change of 1053.21 points. In the last two hours index displayed a
Published 26 Aug, 2015 12:00am
BRIndex30 surges 1053.21 points

BRIndex30 surges 1053.21 points

On Tuesday, BRIndex30 recovered and after remaining positive throughout the trading time except for a few minutes of red during first hour of trading, it closed at 21,178.72 points with net change of 1053.21 points. In the last two hours index displayed a
Published 26 Aug, 2015 12:00am
Testimony of Siegel delayed

Testimony of Siegel delayed

The testimony of US lobbyist Mark Siegel against former president and army chief Pervez Musharraf in the Benazir Bhutto murder case has been delayed till October. Siegel was scheduled to record statement before Anti-Terrorism Court (ATC) Rawalpindi on Wed
Published 26 Aug, 2015 12:00am
Stocks recoup losses

Stocks recoup losses

Karachi stocks made a strong comeback Tuesday after the KSE-100 index witnessed a record 1,419 points single-day loss Monday. Foreign investment, however, was the day's only negative at the country's largest bourse seeing an outflow of $19.67 million. Thi
Published 26 Aug, 2015 12:00am
Testimony of Siegel delayed

Testimony of Siegel delayed

The testimony of US lobbyist Mark Siegel against former president and army chief Pervez Musharraf in the Benazir Bhutto murder case has been delayed till October. Siegel was scheduled to record statement before Anti-Terrorism Court (ATC) Rawalpindi on Wed
Published 26 Aug, 2015 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (August 25, 2015).

Published 26 Aug, 2015 12:00am
ADB announces new $1.2 billion annual package

ADB announces new $1.2 billion annual package

The Asian Development Bank said Tuesday it has approved a new assistance programme for Pakistan worth $1.2 billion annually, to improve infrastructure and create jobs. The Manila-based bank said Pakistan, which has suffered sluggish growth in recent years
Published 26 Aug, 2015 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (August 25, 2015).

Published 26 Aug, 2015 12:00am
ADB announces new $1.2 billion annual package

ADB announces new $1.2 billion annual package

The Asian Development Bank said Tuesday it has approved a new assistance programme for Pakistan worth $1.2 billion annually, to improve infrastructure and create jobs. The Manila-based bank said Pakistan, which has suffered sluggish growth in recent years
Published 26 Aug, 2015 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (August 25, 2015).

Published 26 Aug, 2015 12:00am
ADB announces new $1.2 billion annual package

ADB announces new $1.2 billion annual package

The Asian Development Bank said Tuesday it has approved a new assistance programme for Pakistan worth $1.2 billion annually, to improve infrastructure and create jobs. The Manila-based bank said Pakistan, which has suffered sluggish growth in recent years
Published 26 Aug, 2015 12:00am
US consumer confidence, housing data signal economy's resilience

US consumer confidence, housing data signal economy's resilience

US consumer confidence hit a seven-month high in August and new single-family home sales rebounded in July, suggesting underlying strength in the economy that could still allow the Federal Reserve to raise interest rates this year. Other data on Tuesday s
Published 26 Aug, 2015 12:00am
KPBoIT slams proposed increase in gas tariff

KPBoIT slams proposed increase in gas tariff

Khyber-Pakhtunkhwa (KP) Board of Investment and Trade (KPBoIT) has slammed the federal government for proposing an increase in gas tariff for industries by 6% from next month. They have also termed the proposal unfair for smaller federating units, particu
Published 26 Aug, 2015 12:00am
Flood-hit Chitral will not be left alone: KP Governor

Flood-hit Chitral will not be left alone: KP Governor

Khyber Pakhtunkhwa Governor Sardar Mahtab Ahmad khan has said the flood affectees of Chitral will not be left alone and every effort will be made for their help and rehabilitation. He said that the whole nation stand united with the people of Chitral in t
Published 26 Aug, 2015 12:00am
Zahid Jadoon to head election committee of GIA

Zahid Jadoon to head election committee of GIA

The executive body of Gadoon Industrial Association has elected Zahid Khan Jadoon as chairman for the Election Committee for the year 2015-16. During the meeting, Muhammad Zahid Shah, President, Gadoon Industrial Association through a resolution paid trib
Published 26 Aug, 2015 12:00am
TDAP's help sought: revised tax policy for IT sector discussed

TDAP's help sought: revised tax policy for IT sector discussed

Computer industry has sought assistance of the Trade Development Authority Pakistan (TDAP) to provide necessary support to the computer importers and vendors for making them competitive in the region and rational taxation policy to curb smuggling and illi
Published 26 Aug, 2015 12:00am
TDAP's help sought: revised tax policy for IT sector discussed

TDAP's help sought: revised tax policy for IT sector discussed

Computer industry has sought assistance of the Trade Development Authority Pakistan (TDAP) to provide necessary support to the computer importers and vendors for making them competitive in the region and rational taxation policy to curb smuggling and illi
Published 26 Aug, 2015 12:00am
Government responds to PEW report

Government responds to PEW report

A spokesman of the Ministry of Finance here on Tuesday while commenting on "Government misguiding people about economic development claims: PEW" appeared in Business Recorder, said it ignores the economic development which has been acknowledged by
Published 26 Aug, 2015 12:00am
Inoperative status of PM&DC: SC summons federal secretary health

Inoperative status of PM&DC: SC summons federal secretary health

The Supreme Court on Tuesday summoned federal secretary health and issued a notice to the Attorney General for Pakistan over the current inoperative status of Pakistan Medical and Dental Council (PM&DC) for August 26 (today). Taking up the matter, a three
Published 26 Aug, 2015 12:00am
NAB KP arrests ex-Tehsildar Chitral for embezzlement

NAB KP arrests ex-Tehsildar Chitral for embezzlement

National Accountability Bureau (NAB) Khyber Pakhtunkhwa arrested Shah Wazir Khan, ex-Tehsildar Chitral presently working as Judicial Tehsildar District Swat. He is allegedly involved in embezzlement of 76 million rupees by depriving the genuine concession
Published 26 Aug, 2015 12:00am
Provisional figures: Country received $320 million foreign aid in July

Provisional figures: Country received $320 million foreign aid in July

The country provisionally received over $320 million foreign assistance against budget estimates in July (2015-16) against $317 million during the same period last year (2014-15). The government had estimated foreign assistance worth $9.18 billion (grants
Published 26 Aug, 2015 12:00am
SECP increases minimum paid-up capital requirement for insurers

SECP increases minimum paid-up capital requirement for insurers

The Securities and Exchange Commission of Pakistan (SECP), with the approval of its Policy Board, has increased the minimum paid up capital requirement for insurance companies. The Policy Board has approved an amendment to the Securities and Exchange Comm
Published 26 Aug, 2015 12:00am
KP LG system envisages greater fiscal, administrative decentralisation

KP LG system envisages greater fiscal, administrative decentralisation

Khyber Pakhtunkhwa local government system envisages greater fiscal and administrative decentralisation while the Balochistan government has decided to enhance fiscal and administrative powers of the local government in contrast to Punjab and Sindh govern
Published 26 Aug, 2015 12:00am
Pakistan Stock Exchange: MoU to be signed tomorrow

Pakistan Stock Exchange: MoU to be signed tomorrow

The demutualisation committees of Karachi Stock Exchange (KSE), Lahore Stock Exchange (LSE) and Islamabad Stock Exchange (ISE), have agreed in principle to integrate the three stock exchanges to form one national bourse. In this regard, a formal MoU will
Published 26 Aug, 2015 12:00am
Bilawal condoles death

Bilawal condoles death

Chairman Pakistan Peoples Party Bilawal Bhutto Zardari condoled with Manzoor Qadir Qadri over the death of his father Abdul Qadir Qadri who passed away in Multan on Tuesday. Abdul Qadir Qadri was former President PPP Multan City. Chairman PPP in a condole
Published 26 Aug, 2015 12:00am
President approves confirmation of six SHC additional judges

President approves confirmation of six SHC additional judges

On a summary initiated by Senate of Pakistan, the President has approved the Prime Minister's advice for confirmation of the following Additional Judges of High Court of Sindh, as Judges of the said court:- Justice Nazar Akbar, Justice Ms Ashraf Jehan, Ju
Published 26 Aug, 2015 12:00am
Pension cases of deceased employees be finalised within week: AGP

Pension cases of deceased employees be finalised within week: AGP

Auditor-General of Pakistan, Rana Assad Amin has reiterated that all kind of moral and official support to the bereaved families of deceased officers and officials. Directives in this regard have already been issued to Sub-ordinate offices of Department o
Published 26 Aug, 2015 12:00am
Cleanliness drive in Galiyat region in full swing

Cleanliness drive in Galiyat region in full swing

The ongoing cleanliness drive in the scenic Galiyat region is in full-swing as several areas have been cleared of garbage and trash, which are now giving a beautiful look to the residents and tourists. The participants, including local residents and polit
Published 26 Aug, 2015 12:00am
PAC KP expresses dismay over ministers', secretaries' attitude

PAC KP expresses dismay over ministers', secretaries' attitude

Public Accounts Committee (PAC) Khyber Pakhtunkhwa Assembly has expressed severe reaction and anguish over the showing of the lack of interest and not attending of their meetings by provincial ministers particular by finance minister and administrative se
Published 26 Aug, 2015 12:00am
Shuja murder: culprits apprehended, claims Rana

Shuja murder: culprits apprehended, claims Rana

Punjab Law Minister Rana Sanaullah addressing media in the provincial assembly premises Tuesday stated that certain culprits with reference to murder of Home Minister Shuja Khanzada have been apprehended. He said security has been further tightened throug
Published 26 Aug, 2015 12:00am
Use of drugs among youths on the rise, PAC told

Use of drugs among youths on the rise, PAC told

The Anti-Narcotics Force has confiscated a total of Rs 5 billion on suspicion of drug money, however, there is no evidence that the same money has been used to finance terrorism, a parliamentary panel was informed on Tuesday. The Public Accounts Committee
Published 26 Aug, 2015 12:00am
Pakistan wants close bilateral ties with Indonesia: Malik

Pakistan wants close bilateral ties with Indonesia: Malik

Special Assistant to the Prime Minister Dr Musadiq Malik on Tuesday said that Pakistan wanted close bilateral ties and deeper economic co-operation with Indonesia. Speaking as a chief guest at 70th anniversary of the Independence Day of the Republic of In
Published 26 Aug, 2015 12:00am
36 suspects arrested during search operations

36 suspects arrested during search operations

The city police on Tuesday detained 36 suspects including Afghan nationals during search operations in the different areas of the city. A police official said that different teams of the city police conducted search operations in the limits of Sabzi Mandi
Published 26 Aug, 2015 12:00am
Bilawal meets office-bearers of PPP KP, Punjab chapters

Bilawal meets office-bearers of PPP KP, Punjab chapters

As part of the campaign to meet party rank and file down to the district and tehsil level in the Punjab and Khyber Pakhtunkhwa and assess party and political situation the Chairman PPP Bilawal Bhutto Zardari met today party office bearers representing the
Published 26 Aug, 2015 12:00am
SMEDA organises seminar on compressed air technology

SMEDA organises seminar on compressed air technology

Small and Medium Enterprise Development Authority (SMEDA), Khyber Pakhtunkhwa in collaboration with the FF Steel and Rastgar & Company organised a one day seminar on the compressed air technology at FF Steel, Hayatabad the other day. The objective of this
Published 26 Aug, 2015 12:00am
Call to stop release of effluent into Kenjhar Lake

Call to stop release of effluent into Kenjhar Lake

The effluent of Kotri industrial area and sewerage water of Jamshoro and its surroundings areas should be treated before releasing into K B feeder to prevent Kenjhar Lake from being polluted as Manchhar Lake is sole resource of water for Karachi and other
Published 26 Aug, 2015 12:00am
Chicken meat price dips by 120/kg on low demand

Chicken meat price dips by 120/kg on low demand

The price of chicken meat has recorded a decline of Rs 120 per kilogram in the retail market and is currently available at Rs 240 per kg against Rs 360 per kg a few weeks ago. Retailers said that the sharp decline enabled a large segment of the society to
Published 26 Aug, 2015 12:00am
Telecom items' import down 38 percent in July

Telecom items' import down 38 percent in July

Pakistan's import of telecom goods plunged by 38 percent to $78.284 million in the first month of fiscal year 2015-16, official figures said. The overall fall stands at $47.134 million in July 2015-16 as compared to the telecom items' import of $125.418 m
Published 26 Aug, 2015 12:00am
FWBL booth opens at Government Degree College in Quetta

FWBL booth opens at Government Degree College in Quetta

First Women Bank Ltd booth at Government Girls Degree College, Gulistan Road Quetta Cantt has inaugurated by the wife of Lieutenant General Nasir Khan Janjua Corps Commander Southern Command Quetta, on Tuesday. Addressing the ceremony Begum Janjua express
Published 26 Aug, 2015 12:00am
Balochistan Rented Buildings Act enforced

Balochistan Rented Buildings Act enforced

The Balochistan Restriction of Rented Buildings (Security) Act 2015 has been enforced into law, said a handout issued, here on Tuesday. The Act was enforced into law after the approval by the Balochistan Assembly and endorsement by the Governor Balochista
Published 26 Aug, 2015 12:00am
'Solar energy may illuminate rural areas'

'Solar energy may illuminate rural areas'

Solar energy can play a pivotal role to provide for the country's underprivileged communities, especially in rural areas. "One such example is that of the solar system installed at the Help NGO's Maternity Hospital in Surjani Town area of the city," said
Published 26 Aug, 2015 12:00am
Passenger bus with smuggled goods seized

Passenger bus with smuggled goods seized

Anti Smuggling Organisation (ASO) of Customs Preventive, Karachi has seized a passenger bus loaded with smuggled goods worth Rs 12.96 million. This was stated by Chief Collector Zahid Khokar along with collector preventive Tariq Huda at a press briefing h
Published 26 Aug, 2015 12:00am
PEC turns profitable after four years of loss

PEC turns profitable after four years of loss

The Board of Directors of Pakistan Engineering Company, on 20.08.2015 reviewed and passed financial results for the year ended on 30.06.2015. After four year of consecutive losses the company took a turn around. Sales during 2014-15 were Rs 923 million co
Published 26 Aug, 2015 12:00am
CM Sindh lauds TDAP's role in Khairpur Dates Festival

CM Sindh lauds TDAP's role in Khairpur Dates Festival

Trade Development Authority of Pakistan (TDAP) supported and participated in a two-day International Khairpur Dates Festival & Seminar (seventh edition) held from August 22-23 at Shaheed Benazir Bhutto Open Air Theatre, Khairpur. According to a TDAP press
Published 26 Aug, 2015 12:00am
'Roadmap to enhance economic ties with Belarus prepared'

'Roadmap to enhance economic ties with Belarus prepared'

Pakistan Ambassador-designate to Belarus Masood Ahmed Khan Raja has informed that a roadmap for improving economic co-operation between Pakistan and Belarus has been prepared, which also encompassed direct flight operation, banking facilities, business vi
Published 26 Aug, 2015 12:00am
Best performance NFEH announces 12th AEEA 2015 for 56 companies

Best performance NFEH announces 12th AEEA 2015 for 56 companies

National Forum for Environment & Health (NFEH) announced results of 12th Annual Environment Excellence Awards (AEEA 2015) for best performance of 2014-15. This was announced by President NFEH M. Naeem Qureshi after final meeting of jury held at a local ho
Published 26 Aug, 2015 12:00am
Jubilee Insurance launches Takaful Business

Jubilee Insurance launches Takaful Business

Jubilee Insurance, the leading insurance brand in Pakistan, launched their Takaful business in an impressive event at a hotel in Karachi. The event, hosted jointly by both Jubilee Life and Jubilee General, marked the commencement of the highly anticipated
Published 26 Aug, 2015 12:00am
Jubilee Insurance launches Takaful Business

Jubilee Insurance launches Takaful Business

Jubilee Insurance, the leading insurance brand in Pakistan, launched their Takaful business in an impressive event at a hotel in Karachi. The event, hosted jointly by both Jubilee Life and Jubilee General, marked the commencement of the highly anticipated
Published 26 Aug, 2015 12:00am
Bank Al Habib offers Asaan Account

Bank Al Habib offers Asaan Account

Bank AL Habib has introduced Asaan Account to encourage individuals to open a bank account with Rs 5/= with convenience and a host of value-added services such as free life insurance, free SMS alerts, free Internet & mobile banking and free E-statements.
Published 26 Aug, 2015 12:00am
Pakistan National Shipping Corporation

Pakistan National Shipping Corporation

Over 90 percent of global trade travels by ship. However, the shipping industry has been facing a multitude of issues post 2008 financial crisis like volatile cost of shipping goods, and the near term improvement is only moderate with tonnage addition to
Published 26 Aug, 2015 12:00am
Pakistan National Shipping Corporation

Pakistan National Shipping Corporation

Over 90 percent of global trade travels by ship. However, the shipping industry has been facing a multitude of issues post 2008 financial crisis like volatile cost of shipping goods, and the near term improvement is only moderate with tonnage addition to
Published 26 Aug, 2015 12:00am
FC foils sabotage plot in Dera Bugti

FC foils sabotage plot in Dera Bugti

Frontier Corps Balochistan on Tuesday foiled a sabotage bid by recovering explosives from Dera Bugti area of Balochistan. According to FC spokesman, acting on a tipoff, FC teams raided a place in Goth Arz Muhammad and recovered explosives. "The recovered
Published 26 Aug, 2015 12:00am
Three suspects handed over to Rangers

Three suspects handed over to Rangers

Anti-Terrorism Court (ATC) in Karachi on Tuesday handed over as many as three target killers involved in cops' murder to Rangers on a 90-day remand. Target killers Mubarik Langra, Adil alias Pagla and Liaquat Hussain were produced before ATC during which
Published 26 Aug, 2015 12:00am
IESCO's power supply schedule

IESCO's power supply schedule

According to IESCO spokesman, due to electricity maintenance/development work power supply of the following Grids/Feeders would remain suspended as under. On 27 August, Machine Mohallah & Sanaullah feeders, on 1st September Sana Ullah feeder & surrounding
Published 26 Aug, 2015 12:00am
Rehabilitation work in Chitral CDLD finalises mechanism

Rehabilitation work in Chitral CDLD finalises mechanism

The Khyber Pakhtunkhwa Community-Driven Local Development (CDLD) Programme has finalised the mechanism for priority rehabilitation of District Chitral to address post-flood infrastructure needs in the flood damaged areas. To that effect, several important
Published 26 Aug, 2015 12:00am
PIA refutes PALPA allegations

PIA refutes PALPA allegations

In response to a press conference held by Captain Sohail Ahmed, General Secretary, PALPA, the details of which were published in the national newspapers on August 22, 2015, a PIA spokesman has said the allegations made by the Palpa General Secretary were
Published 26 Aug, 2015 12:00am
Balochistan no longer a political issue: Bugti

Balochistan no longer a political issue: Bugti

With peace taking hold, Balochistan is no longer a political issue, as was being projected by some quarters; it is now an administrative matter. This was stated by Provincial Minister for Home and Tribal Affairs Sarfraz Ahmed Bugti, while speaking to the
Published 26 Aug, 2015 12:00am
UK HC meets Dar, discusses bilateral economic cooperation

UK HC meets Dar, discusses bilateral economic cooperation

British High Commissioner, Philip Barton has affirmed continued British government's support and co-operation for social sector projects in Pakistan. The British envoy, accompanied by Richard Montgomery, DFID Country Director in Pakistan met Finance Minis
Published 26 Aug, 2015 12:00am
KMC seals its culture and knowledge centre

KMC seals its culture and knowledge centre

Karachi Metropolitan Corporation (KMC) on Tuesday sealed its Markaz-e-Ilm-o-Saqafat (Centre of Culture and Knowledge) located in Ayesha Manzil, Federal B area. "The civic body had rented the 'Hall' to a party for an auditorium purpose but the latter defie
Published 26 Aug, 2015 12:00am
Punjab PA session today

Punjab PA session today

Acting Governor Punjab Rana Muhammad Iqbal has summoned the 16th session of Punjab Assembly today (Wednesday).
Published 26 Aug, 2015 12:00am
Aussie, New Zealand dollar spring back

Aussie, New Zealand dollar spring back

The Australian and New Zealand dollars regained some ground on Tuesday as investors went bargain hunting following a volatile overnight session, but sentiment remained brittle amid concerns over China's economy. The Australian dollar clambered back up to
Published 26 Aug, 2015 12:00am
Sterling stabilizes
Currency

Sterling stabilizes

Sterling recovered from a one-month low against a basket of currencies on Tuesday, helped by robust gains against the euro, but it underperformed the dollar as investors grew unsure about the timing of an expected rate rise by the Bank of England. Money m
Published 26 Aug, 2015 12:00am
Sri Lankan rupee falls
Currency

Sri Lankan rupee falls

The Sri Lankan rupee fell for a third straight session on Tuesday after a state-run bank, through which the central bank usually directs the market, raised the currency's peg against the dollar by 15 cents, allowing the exchange rate to depreciate to 134.
Published 26 Aug, 2015 12:00am
Most emerging Asian currencies rebound
Currency

Most emerging Asian currencies rebound

Most emerging Asian currencies rebounded on Tuesday as Chinese shares pared some of their losses, prompting some bargain-hunting in regional currencies, but the outlook for stocks remained uncertain in the absence of a new stabilisation plan from Beijing.
Published 26 Aug, 2015 12:00am
Yuan slips briefly

Yuan slips briefly

The Chinese yuan fell briefly in offshore trade against the US dollar on Tuesday after China cut interest rates and reserve requirements. The dollar rose to 6.4870 yuan immediately after the announcement, before giving up those gains to trade at 6.4770, d
Published 26 Aug, 2015 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 05.30-6.50 percent (* Previous 05.25-06.50 percent). (* revised).
Published 26 Aug, 2015 12:00am
Euro, yen rally in New York
Currency

Euro, yen rally in New York

The euro and yen climbed to seventh-month highs against the dollar on Monday as investors, worried about the slowdown in China, reversed bets on so-called carry trades and bought back the low-interest rate currencies used to fund those assets. The dollar
Published 26 Aug, 2015 12:00am
Early trade in New York: Dollar rebounds after China rate cut

Early trade in New York: Dollar rebounds after China rate cut

The dollar jumped one percent against a basket of major currencies on Tuesday and recovered from seven-month lows against the safe-haven yen and euro as riskier assets got a boost from an interest rate cut by the Chinese central bank. The People's Bank of
Published 26 Aug, 2015 12:00am
Dollar jumps in Europe after China's rates cut
Currency

Dollar jumps in Europe after China's rates cut

The dollar jumped nearly one percent against a basket of major currencies on Tuesday and recovered from seven-month lows against the safe-haven yen and the euro as riskier assets got a boost from an interest rate cut by the Chinese central bank. The Peopl
Published 26 Aug, 2015 12:00am
Dollar gets respite against yen in Asia
Currency

Dollar gets respite against yen in Asia

The dollar rose against the yen on Tuesday, pulling up from a slide to seven-month lows the previous day, but the outlook remained clouded by worries of a China-led slowdown in global growth. Traders said a rise in US stock index futures and a brief rebou
Published 26 Aug, 2015 12:00am
FTSE posts biggest daily rise since 2011

FTSE posts biggest daily rise since 2011

Britain's top share index posted its biggest one-day rise since 2011 on Tuesday after China cut interest rates to calm markets, following turbulence that has rocked equities globally. The FTSE 100 rebounded after dropping to its lowest level since 2012 in
Published 26 Aug, 2015 12:00am
Indian shares rebound

Indian shares rebound

Indian shares rose on Tuesday, bouncing back from their lowest levels in a year as markets were seen as oversold, while sentiment was also helped after the government said it would make another attempt to pass the goods and services tax (GST). India's Par
Published 26 Aug, 2015 12:00am
Sri Lankan shares fall

Sri Lankan shares fall

Sri Lankan shares fell more than 1 percent to hit a near five-week closing low on Tuesday as foreign investors sold off risky assets on fears of a China-led global economic slowdown and panic selling by retail investors for month-end settlements. The main
Published 26 Aug, 2015 12:00am
European shares up four percent after China cuts rates

European shares up four percent after China cuts rates

European shares rose more than 4 percent on Tuesday, their best one-day gain since late 2011, as a rate cut in China fuelled a recovery from a bruising 48-hour sell-off. Battered mining and technology stocks were among the big winners when China moved to
Published 26 Aug, 2015 12:00am
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